TotalEnergies discovers hydrocarbons in Congo near Moho Field
TotalEnergies EP Congo (63.5%, operator) announces a hydrocarbon discovery on the Moho license, offshore the Republic of Congo, following the drilling of the MHNM-6 NFW exploration well targeting the Moho G structure. TotalEnergies just redefined upstream capital efficiency offshore Congo. Striking 100M recoverable barrels at the Moho G structure, they bypassed massive greenfield CAPEX for a high-IRR subsea tie-back. By linking the MHNM-6 well to existing floating units, they drastically compress time-to-market. Backed by QatarEnergy, this isn't just an exploration win; it's a masterclass in infrastructure-led strategy, accelerating free cash flows and fortifying West African crude supply stability.
TotalEnergies EP Congo (63.5%, operator) announces a hydrocarbon discovery on the Moho license, offshore the Republic of Congo, following the drilling of the MHNM-6 NFW exploration well targeting the Moho G structure. TotalEnergies just redefined upstream capital efficiency offshore Congo. Striking 100M recoverable barrels at the Moho G structure, they bypassed massive greenfield CAPEX for a high-IRR subsea tie-back. By linking the MHNM-6 well to existing floating units, they drastically compress time-to-market. Backed by QatarEnergy, this isn't just an exploration win; it's a masterclass in infrastructure-led strategy, accelerating free cash flows and fortifying West African crude supply stability.
TotalEnergies EP Congo (63.5%, operator) announces a hydrocarbon discovery on the Moho license, offshore the Republic of Congo, following the drilling of the MHNM-6 NFW exploration well targeting …
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